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SHOCKING NEW REPORT: New Zealand’s Inflation Fizzles OUT—Rate CUTS on the Horizon!

Inflation Fears DWINDLE Despite Mini Spike!
Hold onto your wallets, New Zealand! In a jaw-dropping twist, the latest inflation report reveals that the expected surge has turned into a mere trickle. The June quarter saw a rise in Consumer Price Index (CPI) by only 2.7% year-on-year—below the anticipated 2.8% and only a smidge above the Reserve Bank of New Zealand’s (RBNZ) forecast of 2.6%. Are rate cuts coming sooner than we think? You bet!

Kiwis Breathe a Sigh of Relief Amid Economic Rollercoaster!
Despite a slight uptick in core inflation to 2.7%, Kiwis can rejoice knowing they’re still safely nestled within the RBNZ’s target zone! And the swaps markets are buzzing with an 85% chance of a rate cut in August. Could we be on the brink of a financial windfall?!

Local Authority Rates SPIRAL—But Petrol Prices CRASH!
What’s driving the inflation wave? A staggering 12.2% hike in local authority rates accounts for 13% of the price rise! But wait—hold the phone! Petrol prices PLUMMETED by 8%! As fuel prices dive, so does the pressure on wallets, keeping the inflation monster at bay. Excluding petrol, CPI still edges up 3.2% annually!

Core Inflation Stays Put—But What’s Next?
With non-tradeable prices climbing 0.7% this quarter, and the CPI basket showing a whopping 64.3% of items with price increases of 3% or less, inflationary fears appear contained—but for how long? The RBNZ has already sliced a jaw-dropping 225 basis points off interest rates. Are bigger cuts on the way?

Rate CUTS Could Shake Up the Economy!
Mark your calendars! August 20 could be a day for the history books as a 25 basis point cash rate cut looms large on the horizon! And don’t forget—there’s a 42% chance of a second cut before the year’s end. Our wallets might just get a break!

Kiwi Dollar Hits the Skids—What’s Going ON?
As the inflation report sends shockwaves through the market, the NZD/USD is slipping into a downtrend. It’s a “sell on rallies” situation! With resistance hovering at .5980 and support lines tightening around .5900, Kiwis need to brace themselves. If that support gets a knockdown, we could be headed for .5850 and beyond!

AUD/NZD Takes a Dramatic Turn—Bulls Roar BACK!
And what about the AUD/NZD pair? Last week, it found its footing at 1.0915 and has rebounded since. Could we be looking at a key bullish reversal? Watch those levels folks! If it climbs and closes above its Friday figures, we could be entering a whole new game!

This isn’t just another economic update—this is your ALL-ACCESS pass to the thrilling twists and turns of New Zealand’s financial landscape. Buckle up, folks! The next chapter is bound to keep you at the edge of your seat.